To learn more about how to pick, launch, and grow a profitable side hustle check out “Chapter 12: More Money in Less Time: How to Start A Profitable Side Hustle” in my international bestselling book Financial Freedom: A Proven Path To All The Money You Will Ever Need (Penguin Random House), where I break down step by step how you can launch your own successful and profitable side hustle.
If you sell an offline service, think about ways you could promote your service online. This can be effective no matter what service you offer. Whether you're a real estate agent, a doctor, a dentist, a lawyer, a landscaper or a hairdresser, you can use your Web site to sell your service. For example, you could take appointments through your site or create a promotional campaign online that directs visitors to your physical location.
Your Idea. It’s not enough to say that you’re going to offer an exercise classes. The people considering your classes will want to know exactly what they are going to get for their money, and it will be up to you to explain it concisely and effectively. Understand that you’re basically giving a sales pitch to potential attendees. You’ll have to really narrow down your topic.
This kind of goes with Amazon, eBay and Craigslist selling but dumpster diving is a good source of products to sell. I have found a few dumpsters in my area that regularly throw out valuable items I sell on one of the previously mentioned sites. My first week I found a large box of brand new toner bottles that cost $2400 on Amazon. I sold them for nearly $18oo individually over the couse of a month. Printing companies are good sources. I have gotten multiple printers, some working and some not but these are not $100 Walmart printers so even broken they can sell for enough to make it worth it or you can part it out too.
If you enjoy working from your laptop, then becoming a virtual assistant may be exactly what you need. We use a few virtual assistants for Money Peach and one of them earns over $10,000 per month as a VA. Other places where you can become a virtual assistant for an agency where they find work for your is Upwork. They take a 10% fee, but 90% is still a great side hustle.
Great advice! I'm currently working on generating passive income on demand. So far, it has only been about 2 months since I started and I'm already making $500+ a month with just a few hours of work each week. If you're wondering how this possible, check out this webinar where John Crestani shares his $1.5M formula which helped him become a 7 figure marketer. This free webinar completely transformed my mindset while showing me how to build an online business from the ground up. Watch the replay here: http://clickmetertracking.com/johncrestaniwebinar
Fiverr is a platform where you can sell your products and services starting at $5 per gig. After you have a few $5 gigs under your belt, you can start increasing how much you charge. Here at Money Peach, we hire people from Fiverr all the time. Just recently, we found someone for a quick logo design and another to transcribe some videos we created.
Online Profits University is a unique framework to help you start and grow a profitable online business that is a true ASSET, not a job. As soon as you join you get a custom roadmap that meets you exactly at your current starting point, and lays out a success path to your profitable online business in as short a time as possible with step by step proven methods taught by yours truly. (I’ve personally generated over $8,000,000 in online sales using these strategies).
As for other tips, all I can say is “a penny saved is a penny earned”. If you are running out of ideas to make money, start saving. Some quick “low hanging fruit” tips to save some quick cash include – switch to MetroPCS or Boost for cellphone (I only pay $20/month), switch auto insurance to Insurance Panda ($25/month), and start using GasBuddy (saves me like $100/month at least. I drive a lot).
If you’ve got a camera and some basic Photoshop skills, photography can become your side hustle. If you like taking pictures of your city, you can sell your photography to your local publications such as city newspaper or blog. Sites like Foap allow you to sell your phone pictures on their platform and you can earn money with every photo you sell. If you’d rather not make money with your pictures, you can add your photography to products like canvases, t-shirts, and phone cases to make even more money. And if that’s not enough, you can even seek clients to venture into wedding photography, pet photography or product photography.
You can have your own store up in only a few minutes at eBay. To start, you must have a seller account, must be verified through PayPal. You are even able to give a detailed description of your store with a catchy design to attract customers. I have a friend who will buy all of the unused bras at a last chance type of store and resell them for a profit at her eBay store. Last I heard, she was doing $1,000/month in her first couple of months.
But the really great thing about the sales model is that once you have your main revenue stream running smoothly, you can add every single other profit stream I mentioned above in order to diversify your income and explode your profits! For example, let's say you run a small business that manufactures garden tools. When you set up your sales site, you can sell your own product (garden tools), earning the largest profit margin. This should be your main source of income, so make sure you focus on this first.